Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Newtown Borough as having a median household income of $140,625 (104.7% more than the U.S. median income). Fairfield County town is one of the most desirable places to live if you have the financial means. Despite its high per capita income, Connecticut is mainly a middle-class state. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. South Glastonburys Census results show a total of 2038 households in the town. Redding, CT Annual household income: $140,995, 15. If you dream of the quiet life, its ideal. Rich people not your cup of tea? Riverside residents live a good work-life balance with an average commute time of 37 minutes. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. The Population is 8,843 in this close-knit community. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. Ridgefield offers something for everyone from great schools to recreation for the whole family. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Some haulers caught, Arming guidance counselors? It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Renters pay an average of $1,361 per month. Isn't it grand to see Granby here in the top ten safest places in Connecticut. 20. The median household income in New Canaan is $214,977. Keep reading. We analyzed 21 places in Connecticut to determine where the 1% live. Test performance scores in public schools are ranked as excellent. With a population of 20,622 inhabitants, the average income per household is $145,244. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Most Expensively 2023. Westport is in the top five most affluent cities in Connecticut for 2022. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Southport has a long history as a summer resort and residential community. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Westport is one of the wealthiest towns in Connecticut. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The average home value is $1,150,400. OnlyInYourState may earn compensation through affiliate links in this article. Its less ideal, however, if your bills are already bigger than your income. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. By Joselynn Chua / February 27, 2023. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Related: The 10 Wealthiest Neighborhoods in San Francisco. The unemployment and poverty rates are 7.9% and 8.5% respectively. Westport is a very desirable place to live as it ranks highly for safety. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. The unemployment and poverty rates are 7.9% and 8.5% respectively. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Fairfield County towns have made yet another list of the richest places in the U.S. The local school system is also amongst the best in the state. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Chris Kolmar has been in the real estate business for almost ten years now. Darien residents live a good work-life balance with an average commute time of 39 minutes. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. Fairfield is one of the richest towns and among the best places to live in Connecticut. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Fairfield County is very close to New York City. Download The Entire Connecticut Ranking Data. New Cannan, CT Average household income: $200,203.00, 8. Its also very well educated, with over half of its residents having a college degree. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. The town has a high concentration of people from New York City who commute to work here by train or car. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. . Wilton, CT Annual household income: $193,292, 9. Its also far below the national average rate of 3.9%. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Its among the top ten. The town has over 120 acres of open space and over 1,000 acres of parkland. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Riverside Profile Page with Infographics. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Fairfield. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The state is home to 91 of the US 100 most affluent zip codes. Darien is one of the wealthiest towns in Connecticut. 9. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. Most of the townspeople hold bachelors degrees or higher. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. It has a great location, close to major highways and a short drive from New York City. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. The town also boasts one of the best school systems in all of Connecticut! Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Its a desirable place to live if you can afford the costs. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. However, the average house prices range from $1,5 million to $3 million. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Westport is one of the wealthiest towns in Connecticut. Riverside Profile Page with Infographics. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Property values are high, the median sales price is $1,029,000. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. You'll receive your first newsletter soon! As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. In a city with a population of 52,005, the median income came in at $81,971. The city has grown over the past decade, increasing from 8,223 residents to 9,110. The next richest town in Connecticut is Ridgefield. It has a population of 33,900 residents. Weston is in Fairfield County. Its also home to the states only national historic site, Weir Farm. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. (and lowest paying jobs). Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America.